We paid off our mortgage with a personal cash loan from a family member. How do I answer this questin: Is the loan secured by a property of yours? Yes or NO?

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Do you have any kind of document or agreement that spells out the conditions of the loan.

If you do not, then that family member could not be able to take the home in foreclosure. in that case the loan IS NOT secured by the property and the interest is not deductible.

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Schedule E: No expenses are deductible because we didn't rent it and used it for ourselves. Do we have to report the expenses?

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We paid off our mortgage with a personal cash loan from a family member. How do I answer this questin: Is the loan secured by a property of yours? Yes or NO?

We paid off our mortgage with a personal cash loan from a family member. How do I answer this questin: Is the loan secured by a property of yours? Yes or NO?

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We paid off our mortgage with a personal cash loan from a family member. How do I answer this questin: Is the loan secured by a property of yours? Yes or NO?

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We paid off our mortgage with a personal cash loan from a family member. How do I answer this questin: Is the loan secured by a property of yours? Yes or NO?

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